Economic measures revised up thanks to migrants

[pjmret]

bunch of massive up-revisions after the Fed meeting.​

Consumer income, the savings rate, spending, GNI, and GDP were revised up on September 27, so 11 days after the Fed’s rate-cut meeting.

The annual revisions of consumer income and the savings rate were huge this time, going back through 2022, and consumer spending was also revised up, but not as much.

These massive up-revisions of income and the savings rate resolved a mystery: Why consumers have held up so well. And they brought growth of GDP and GNI (Gross National Income) back in line by revising GDP growth up some and GNI growth up a lot.

The magnitude of the revisions was astonishing, and we speculated here the large-scale influx of legal and illegal migrants – estimated by the Congressional Budget Office at around 6 million total in 2022 and 2023, plus more in 2024 – was finally getting picked up in some of the data. A big part of them have joined the labor force, and many of them are working and making money, and spending money, thereby increasing the income and spending data.

What If There’s No Landing at all, But Flight at Higher Speed and Altitude than Normal, with Higher and Rising Inflation? | Wolf Street

Thank you migrants for boosting our economy

 

[mark francis]

bunch of massive up-revisions after the Fed meeting.​

Consumer income, the savings rate, spending, GNI, and GDP were revised up on September 27, so 11 days after the Fed’s rate-cut meeting.

The annual revisions of consumer income and the savings rate were huge this time, going back through 2022, and consumer spending was also revised up, but not as much.

These massive up-revisions of income and the savings rate resolved a mystery: Why consumers have held up so well. And they brought growth of GDP and GNI (Gross National Income) back in line by revising GDP growth up some and GNI growth up a lot.

The magnitude of the revisions was astonishing, and we speculated here the large-scale influx of legal and illegal migrants – estimated by the Congressional Budget Office at around 6 million total in 2022 and 2023, plus more in 2024 – was finally getting picked up in some of the data. A big part of them have joined the labor force, and many of them are working and making money, and spending money, thereby increasing the income and spending data.

What If There’s No Landing at all, But Flight at Higher Speed and Altitude than Normal, with Higher and Rising Inflation? | Wolf Street

Thank you migrants for boosting our economy

Government numbers keep changing, likely due to political winds blowing from the global threatening left. But don't worry, the numbers don't actually reflect real conditions on the ground outside of big city welfare neighborhoods.

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.

New government data shows the job market was weaker than earlier reported. That could pave the way to a September rate cut.

www.cbsnews.com

MoneyWatch

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.​

 

[pjmret]

Government numbers keep changing, likely due to political winds blowing from the global threatening left. But don't worry, the numbers don't actually reflect real conditions on the ground outside of big city welfare neighborhoods.

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.

New government data shows the job market was weaker than earlier reported. That could pave the way to a September rate cut.

www.cbsnews.com

MoneyWatch

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.​

Likely due to political winds?
Prove it lying moooron

 

[pjmret]

Government numbers keep changing, likely due to political winds blowing from the global threatening left. But don't worry, the numbers don't actually reflect real conditions on the ground outside of big city welfare neighborhoods.

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.

New government data shows the job market was weaker than earlier reported. That could pave the way to a September rate cut.

www.cbsnews.com

MoneyWatch

The labor market added 818,000 fewer jobs than earlier reported. Here's what experts say that means.​

National numbers reflect the nation
God you are stupid lol

 

[mark francis]

National numbers reflect the nation
God you are stupid lol

You cannot trust the initial numbers. After initial numbers are posted showing tremendous growth, the numbers are usually later revised to show something else entirely, long after the inaccurate rosy headlines are first published without admissions of possible inaccuracy.

It seems the policy is tell lies to support rosy outlooks and then later repent and admit to lying after all the reporters have gone home and the papers have gone dark.

Why have 11 of the last 14 job reports from the labor board been revised down?

Answer (1 of 3): Such technical revisions are not unusual. Every month's initial estimate undergoes two revisions before being declared “final.” That has always been part of the process. If you ask the question, “How many jobs have been added since Biden became President?” The correct answer wou...

www.quora.com

Why have 11 of the last 14 job reports from the labor board been revised down?

 

[pjmret]

You cannot trust the initial numbers. After initial numbers are posted showing tremendous growth, the numbers are usually later revised to show something else entirely, long after the inaccurate rosy headlines are first published without admissions of possible inaccuracy.

It seems the policy is tell lies to support rosy outlooks and then later repent and admit to lying after all the reporters have gone home and the papers have gone dark.

Why have 11 of the last 14 job reports from the labor board been revised down?

Answer (1 of 3): Such technical revisions are not unusual. Every month's initial estimate undergoes two revisions before being declared “final.” That has always been part of the process. If you ask the question, “How many jobs have been added since Biden became President?” The correct answer wou...

www.quora.com

Why have 11 of the last 14 job reports from the labor board been revised down?

sometimes initial numbers are not good too.

revising isnt lying. unless you can prove it. which you wont. as always


and in this case, the revisions were up, after all the reporters have gone home. that blows your stupid theory. lol
god you are stupid.

 

[mark francis]

sometimes initial numbers are not good too.

revising isnt lying. unless you can prove it. which you wont. as always


and in this case, the revisions were up, after all the reporters have gone home. that blows your stupid theory. lol
god you are stupid.

Revising may not be lying but having to correct earlier rosy numbers shows the need to set the record straight after some initial reports misrepresented the truth or, in other words, lied.

 

[pjmret]

Revising may not be lying but having to correct earlier rosy numbers shows the need to set the record straight after some initial reports misrepresented the truth or, in other words, lied.

This was correction of less rosy numbers

God you are stupid

And no it's not misrepresented or a lie, mooron
You are so clueless about hoe the process works